Sumitomo Mitsui Banking Corporation has acquired a 20% stake in the Japanese fund of funds manager, which is currently raising a global fund of funds targeting up to $250m.
1 min read · 05 January 2013
The third investment from 3i's $1.2bn infrastructure fund will help the Krishnapatnam Port Company further develop and run the Andhra Pradesh-based port.
1 min read · 05 January 2013
The Australia-listed private equity fund of funds has stopped making new commitments and ceased dividends for now. The value of its portfolio declined 14.5 percent over the last six months of 2008.
2 min read · 05 January 2013
Taking a majority stake in Pranav Construction marks the firm’s maiden investment from its $125m debut fund.
1 min read · 05 January 2013
The semiconductor giant's corporate VC arm will fund Enjoyor's R&D in traffic intelligence and digital healthcare technologies. Its software services group has also signed a three-year business collaboration agreement with Chinese company.
1 min read · 05 January 2013
Jonathan Mandel, who joined the bank's Hong Kong office this March, has been caught up in a round of redundancies.
1 min read · 05 January 2013
Former Kleiner Perkins China partner Ian Goh has followed David Su to Matrix's China affiliate. Su and Goh worked together both at Kleiner Perkins China and TDF Capital. Matrix is investing its first China fund, which closed on $275m in January 2008.
1 min read · 05 January 2013
The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 05 January 2013
Jeff Bennett has been promoted from within the leveraged and acquisistion finance team to replace David Simons.
1 min read · 05 January 2013
Mubadala, GE and Credit Suisse are reportedly raising $500m to invest in sectors including power, water, telecoms and transportation.
1 min read · 05 January 2013
